The short term pattern in bonds but they did indeed drop today so as to contact the daily moving averages. Next step for bears is to press lower under 145^18.
Charts added as I complete them. Full post ETA 9:45.
Bonds turned back down today staying under 147^02 suggesting ‘b of (b)’ might be complete. Need under 145^18 for initial confirmation of a reversal.
Charts added as I complete them. Full post ETA 10:30.
The ‘b of (b)’ in bonds is still developing as bonds were unable to break under the daily moving averages early last week. The overall plan is to get a choppy retrace from the high early in January to next month or early April before advancing again into July for a wave [ii].